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1701 Massey Tompkins Rd Bay...

SK2 Services Acquires 45,910 SF Industrial Building In Baytown From FRI Massey Tompkins
SOLDIndustrial

SK2 Services Acquires 45,910 SF Industrial Building In Baytown From FRI Massey Tompkins

1701 Massey Tompkins Rd Baytown, TX 77521, USA

Building Size

45,910 SF

Asset Type

Industrial

Closing

Apr 12, 2023

AI

A 45,910 square foot distribution building located at 1701 Massey Tompkins Road in Baytown, Texas, has been sold. The warehouse is situated in Houston's Southeast Corridor industrial submarket.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not disclosed
  • Address: 1701 Massey-Tompkins Road, Baytown, Texas
  • Square Footage: 45,910 SF
  • Market: Baytown

SK2 Services, represented by Shirley Chu, purchased the property. The seller, FRI Massey Tompkins LLC, was represented by Stephen Darnall with Fuller Realty. Chase McAteer from Oxford Partners acted as the buyer's broker in this transaction.

Players

Chase McAteer

Oxford Partners

Broker

7 deals

Broker

Texas Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93